The Wall Street Journal reported on Monday that investor Carl Icahn is thought to have purchased a significant stake in financially embattled Chesapeake Energy Corp.
Icahn was mum on any purchase, and formal filings on stock purchases may not show for a few days.
He is known for buying stocks at bagain-basement prices and then demanding changes in management or strategy that cause shares to rise and allows him to sell his stake at a profit.
Chesapeake is looking at a $16 billion funding gap this year. It is selling off some assets.
It is the No. 1 player in Ohio's Utica shale.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.